Show notes
XRP - SEC / DOJ Attack Crypto - Banks Fail - Jim Cramer Picks SVB - ChatGPT can Save You
Ripple's latest insight on treasury management. Ripple is positioning RippleNet as access to a global network, which allows companies to bypass rough corridors such as Southeast Asia, India, Brazil, and Mexico. This reduces the need for prefunding and helps suppliers factor in their receivables.
Appeal filed by the DOJ to Judge Wiles' decision to approve Voyager's sale to Binance. The appeal seeks to stop the recovery of 73% of investors' assets held by Voyager.
There is news about the collapse of Silicon Valley Bank (SVB) and its impact on crypto companies like BlockFi, Circle, and Avalanche. Although SVB is Stock Pick of the Year for Jim Cramer.
Prominent crypto VC firm a16z, with $35 billion AUM, is banked by SVB, and SVB has also invested in crypto-friendly VC fund Sequoia. The collapse of SVB has raised concerns about the exposure of these companies to the bank.
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